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Global Recession May Already Be Over: OECD
CNBC ^ | 9/3/2009 | Staff

Posted on 09/03/2009 4:21:46 AM PDT by Red in Blue PA

The global recession is coming to an end faster than thought just a few months ago and may already be over, according to forecasts published by the Organization for Economic Co-operation and Development on Thursday.

The recovery may even prove a little stronger than previously predicted, OECD chief economist Jorgen Elmeskov told Reuters in an interview where he elaborated on the forecasts for several key economies.

(Excerpt) Read more at cnbc.com ...


TOPICS: Business/Economy; News/Current Events
KEYWORDS: global; oecd; recession
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Don't worry guys, Obama is doing his darndest to see that it continues.
1 posted on 09/03/2009 4:21:47 AM PDT by Red in Blue PA
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To: Red in Blue PA

This is better than expected. It was expected to be worse than expected. I expect the expectors will be expecting us to buy stock. I do not expect to do so.


2 posted on 09/03/2009 4:25:07 AM PDT by screaminsunshine (!!)
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To: Red in Blue PA

Make me wonder: has it ever been as bad as we read on the news?


3 posted on 09/03/2009 4:29:09 AM PDT by paudio (Road to hell is paved by unintended consequences of good intentions)
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To: Red in Blue PA

4 posted on 09/03/2009 4:34:58 AM PDT by C210N (A patriot for a Conservative Renaissance!)
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To: Red in Blue PA
The global recession is coming to an end faster than thought just a few months ago and may already be over,

Yeah, right.
Sure thing.
Uh huh.
Etc.

5 posted on 09/03/2009 4:36:24 AM PDT by concerned about politics ("Get thee behind me, Liberal")
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To: concerned about politics
Not a chance I see small business dead.

Real Estate only sold on short sells.

Restaurants dead.

fake all your numbers the people can see.

6 posted on 09/03/2009 4:40:54 AM PDT by scooby321 (and)
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To: Red in Blue PA

Who/what is this organization??

Roubini says differently...


7 posted on 09/03/2009 4:41:32 AM PDT by SueRae
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To: Red in Blue PA

I read the article. All I read was predictions and forecasts but NO actual literal numbers. Or did I miss something?


8 posted on 09/03/2009 4:43:34 AM PDT by Just mythoughts
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To: Red in Blue PA
Yea? Well someone forgot to let the Chi-coms in on the good news. They are dumping $$$$ and buying gold as fast as the transactions can clear.
9 posted on 09/03/2009 4:44:42 AM PDT by mad_as_he$$ (Nemo me impune lacessit The law will be followed, dammit!)
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To: scooby321

New job growth still is very poor.


10 posted on 09/03/2009 4:45:18 AM PDT by mad_as_he$$ (Nemo me impune lacessit The law will be followed, dammit!)
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To: Red in Blue PA
In other news...

11 posted on 09/03/2009 4:49:45 AM PDT by TSgt (I long for Norman Rockwell's America.)
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To: SueRae
Who/what is this organization??

"Organization for Economic Co-operation"
They sound like some kind of crazed left wing Socialist group. (No doubt they're talking about "forced" co-operation.)

12 posted on 09/03/2009 4:56:09 AM PDT by concerned about politics ("Get thee behind me, Liberal")
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To: concerned about politics

Brainwashing, thought control, watch the soothing motion of the swinging bobble, concentrate hard, watch the MSM, send your children to public schools. All the same thing.


13 posted on 09/03/2009 5:05:23 AM PDT by benasawin
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To: concerned about politics
From their (OECD) website :

Established: 1961

Location: Paris, France

-------------------------------

Mission: "The Organisation provides a setting where governments compare policy experiences, seek answers to common problems, identify good practice and coordinate domestic and international policies."

---------------------

There, that's all you need to know.

14 posted on 09/03/2009 5:06:37 AM PDT by libh8er
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To: libh8er
(I left out the best one , their slogan !)

OECD: For a stronger, cleaner, fairer world economy.

http://www.oecd.org/pages/0,3417,en_36734052_36734103_1_1_1_1_1,00.html

15 posted on 09/03/2009 5:10:02 AM PDT by libh8er
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To: libh8er

And more...


What we do and how

OECD uses its wealth of information on a broad range of topics to help governments foster prosperity and fight poverty through economic growth and financial stability. We help ensure the environmental implications of economic and social development are taken into account.


16 posted on 09/03/2009 5:14:29 AM PDT by libh8er
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To: Red in Blue PA
The three key words are: according to forecasts.
17 posted on 09/03/2009 5:15:14 AM PDT by Zhang Fei (Let us pray that peace be now restored to the world and that God will preserve it always)
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To: Red in Blue PA
Global Recession May Already Be Over: OECD

These people are complete and utter idiots! Or more precisely they think we are and we'll believe the BS.

18 posted on 09/03/2009 5:19:24 AM PDT by MrDem (From Morning in America to Mourning in America...)
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To: Red in Blue PA
We have declared the recession over!


19 posted on 09/03/2009 5:23:04 AM PDT by RGSpincich
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To: Red in Blue PA

This is an echo chamber report. The elitists want the rumor to be believed, but it just is not so. It is going to get worse befor it gets better.


20 posted on 09/03/2009 5:24:06 AM PDT by TheGeezer
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